Don't you sometimes feel speechless? Everyone is flaunting how many times they have multiplied their investments, but you, no matter what you buy, it drops; whatever you sell, it rises. Watching your account shrink helplessly is tough. Don’t worry, I’ll share the lessons I learned from countless liquidations on what you should do.
Frequent trading is a big taboo.
Many newcomers trade hundreds of times a day, and the transaction fees alone could fill a pot. In fact, opportunities in the crypto world aren’t seized by frequent buying and selling but rather through patience. Don’t blindly fidget with the charts; when a real opportunity arises, identify the right point and make a decisive move. Once you earn money, don’t be greedy; take profits promptly. Otherwise, it’s highly likely you’ll end up giving back the money you earned. Those who stare at the charts daily and trade frequently often end up just working for the trading platform.
Good news turns into bad news.
A hard rule in the crypto world: good news often becomes bad news. Whenever major news is released, the first day often sees a huge spike, and the second day opens high, which is when it’s time to exit. Don’t fantasize about it “going up again”; the market makers move faster than you. A moment of hesitation could lead to a cliff-like drop, or even a halving.
News can make money.
News can indeed present opportunities. When favorable policies, major figures make calls, or new concepts (like AI, MEME, etc.) emerge, following the trend for the first few days usually allows you to profit. But remember to trade less around holidays; market liquidity is low, and it’s easy to get cut. Don’t foolishly try to catch falling knives; learn to ride the trend for profit, but also know when to pull out.
Position management is crucial.
In short-term trading, don’t let your position exceed 20% of your total funds; if you make a profit, run with it, and don’t stubbornly hold on to losses. For long-term investments, only use funds you can afford to lose completely; don’t go all-in at once. For technical analysis, learn to use the 15-minute candlestick combined with KDJ; it’s simple and effective: buy on golden crosses and sell on death crosses, which is great for short-term trading. The 60-day moving average is also very practical: hold positions above the line and withdraw below it, go with the trend, and avoid trading against it.
Lock in profits, don’t hold losing positions.
If you’ve made money, promptly raise your stop-loss to lock in profits; never hold onto losing positions! A 10% loss might be acceptable, but a 50% loss usually means there’s no chance left. Those who can make big money are often the ones who can endure solitude. If there were truly a 100% guaranteed method to make money, who would share it for free?
Come chat: 币安王牌KOL聊天室，点击进群
